Western Asset Municipal Partners Fund Inc

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MNP : NYSE : Financial
$17.75 | %
Today's Range: 17.71 - 17.89
Avg. Daily Volume: 34,000
07/29/16 - 4:02 PM ET
  • Last Ratings Update:06/30/2016
  • Price as of 06/30/2016 :$17.15
  • Net Assets:$163.23 Million
  • NAV:$17.56
  • Premium-2.33%
  • Peer Rank:62 of 111
  • Investment Rating:A-
  • Performance:A-
  • RiskB-
MNP Price Chart


We rate Western Asset Municipal Partners at A-. Positive factors that influence this rating include a well above average total return, low price volatility and low expense structure. The fund invests approximately 99% of its assets in bonds and may be considered for investors seeking a Municipal - National strategy.


Total return ranks very high in comparison with peers over the last three years. The Western Asset Municipal Partners has returned an annual rate of 6.48% since inception. More recently, the fund has generated a total return of 10.00% in the last five years, 12.32% in the last three years, and 20.78% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 92% of them. It has also outpaced 92% of its competitors on a three year basis and 91% of them over the last year for the period ending 6/30/2016. On a year to date basis, MNP has returned 12.96%.

Downside risk has been below average. MNP has a draw down risk of -11.27%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 10.2%. This fund has had a low level of volatility in its monthly performance over the last 36 months. As of 6/30/2016, the fund was trading at a price of $17.15, which is 1.8% below its 52-week high of $17.46 and 3.6% above its 52-week low of $16.55.

High expense ratio hinders performance. On total assets of $163.23 million, MNP maintains a high expense ratio compared to its Municipal - National peers of 1.46% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As MNP is a closed end fund, it has no front end or back end load.

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